S&P Global Ratings Joins Cyber Crossroads in Emphasizing Importance of Cyber Risk Governance

Rhea-AI Summary

S&P Global Ratings actively participated in the Cyber Crossroads conference on May 25, 2021, focusing on enhancing cyber risk governance. The collaboration aims to leverage insights from top academics to improve organizational governance standards related to cyber risks. The organization emphasized the need for standardized reporting as cyber incidents rise. Key leaders from S&P Global Ratings, including Chris Heusler, discussed the importance of effective governance in mitigating risks. This initiative reflects S&P's commitment to providing critical intelligence for market participants.

Positive

• Participation in a notable conference focused on cyber risk governance.
• Collaboration with global experts to enhance governance frameworks.
• Highlighting the necessity for standardized management of cyber risks.

Negative

• None.

NEW YORK, May 25, 2021 /PRNewswire/ -- S&P Global Ratings is pleased to join the Cyber Crossroads conference (event) to be held today and support the launch of its upcoming report on best practices in cyber governance. Both the event and report are free and open to the public.  

"Together, we are leveraging the learnings of world-class academics to highlight the relevancy and efficacy of robust cyber risk governance," said Chris Heusler, Global Chief Commercial Officer, S&P Global Ratings. "This research helps sharpen the focus on governance standards that may set organizations apart from their peers in terms of cyber risk preparedness and readiness."

Cyber Crossroads, a not for profit, research collective spanning experts from across the world in both academia and corporations, has been working on defining a governance process and framework for Boards of organizations to follow around Cybersecurity along with diagnostic tools for Boards and Management.

Organizational structures, risk management cultures, vendor management and stakeholder engagement can all materially impact the cyber risk posture of management teams and boards of directors. As the number of cyber-related incidents continues to escalate, the standardization of reporting and management of this now-mainstream risk type require the attention of all market participants.

S&P Global Ratings, through its ESG Evaluations, has showcased the criticality of governance when assessing organizations and is committed to providing intelligence that is essential for companies, governments, and individuals to make decisions with conviction.

S&P Global Ratings leaders speaking at today's Cyber Crossroads conference include Chris Heusler, Global Chief Commercial Officer, Lapo Guadagnuolo, Team Manager, Credit Criteria Methodologies, and Simon Ashworth, Chief Analytical Officer, Insurance.

To read more on S&P Global's cyber governance research and insights, go to www.spglobal.com/ratings.

This report does not constitute a rating action. S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency, and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings

View original content:http://www.prnewswire.com/news-releases/sp-global-ratings-joins-cyber-crossroads-in-emphasizing-importance-of-cyber-risk-governance-301298605.html

SOURCE S&P Global Ratings

FAQ

What did S&P Global Ratings announce on May 25, 2021, regarding cyber risk governance?

S&P Global Ratings announced its participation in the Cyber Crossroads conference, focusing on best practices in cyber governance.

Who were the key leaders from S&P Global Ratings speaking at the Cyber Crossroads event?

Key leaders included Chris Heusler, Lapo Guadagnuolo, and Simon Ashworth.

What is the main focus of the Cyber Crossroads conference attended by S&P Global Ratings?

The conference emphasizes the importance of cyber risk governance and the need for standardized reporting in the face of increasing cyber incidents.

What is the significance of S&P Global Ratings’ report on cyber governance?

The report aims to provide intelligence essential for organizations to enhance their cyber risk preparedness and governance standards.

How does S&P Global Ratings contribute to cyber risk management?

S&P Global Ratings showcases the criticality of governance in assessing organizations and provides essential intelligence for better decision-making.